Cornell Law Review Volume 39 Article 3 Issue 2 Winter 1954 Effect of Encroachments and Projections Upon the Marketability of Title Milton R. Friedman Follow this and additional works at: http://scholarship.law.cornell.edu/clr Part of the Law Commons Recommended Citation Milton R. Friedman, Effect of Encroachments and Projections Upon the Marketability of Title , 39 Cornell L. Rev. 237 (1954) Available at: http://scholarship.law.cornell.edu/clr/vol39/iss2/3 This Article is brought to you for free and open access by the Journals at Scholarship@Cornell Law: A Digital Repository. It has been accepted for inclusion in Cornell Law Review by an authorized administrator of Scholarship@Cornell Law: A Digital Repository. For more information, please contact
[email protected]. THE EFFECT OF ENCROACHMENTS AND PROJEC- TIONS UPON THE MARKETABILITY OF TITLEt Milton R. Friedman* The purpose of this article is to consider the effect of encroachments and projections on marketability of title to real property. As an intro- duction, and to supply some background on its nature, extent and limi- tations, marketability of title in general will first be discussed. MARKETABLE TITLE GENERALLY In a sale of ieal property, a buyer's unconditional right to possession, and a title which is free of question or encumbrances, are both so crucial that if there is any reasonable doubt of either, the contract of sale will not be enforced against the purchaser.' A contract of sale implies a buyer's right to these, unless the parties stipulate otherwise.2 The buyer may of course agree to take the property subject to a specified lease, and the tenant's possession thereunder, or to a mortgage, easement, restrictive covenant or other encumbrance, in which case the buyer's rights will be qualified accordingly.3 Marketability of title will be dis- cussed herein in the abstract, as if there were no overriding contractual stipulations relative thereto, and the reader must accordingly bear in mind that the rights of vendor and vendee in the abstract may, in a par- ticular case, be varied by agreement.